AltWeeklies Wire
Upside Down in Pontiac: How Investors Walk Away from Disasternew
Many Pontiac houses sit and continue to decline in value, blight the community, attract nuisances, cost lenders and the city money in maintenance, and pull down the values of nearby properties. Some have resold for a fraction of their taxable values, further driving down home prices around them. Others will sit vacant for years.
Metro Times |
Sandra Svoboda |
09-15-2009 |
Economy
Michigan Communities Use HUD Dollars for Demolition, Rehab and Ownershipnew
In Michigan, the HUD Neighborhood Stabilization Program is funding projects aimed at offsetting some of the harmful effects that foreclosed and vacant properties have on neighborhoods, as well as increasing home ownership and redevelopment.
Metro Times |
Sandra Svoboda |
06-09-2009 |
Economy
A Bailout is Needed, but a New New Deal Would be Betternew
Why not create something like the old New Deal, which put millions to work doing everything from building post offices to writing nature guides. Ours would be more limited, however; we could call it the Michigan Infrastructure Corps. We are going to be paying out billions in unemployment insurance anyway. Why shouldn't we get something out if it?
Metro Times |
Jack Lessenberry |
12-09-2008 |
Economy
Why the Feds Must Bail Out General Motorsnew
Massive restructuring is needed, but the patient first has to be stabilized, by any means necessary. Otherwise, we will be looking at something very like the Great Depression.
Metro Times |
Jack Lessenberry |
11-20-2008 |
Economy
Should We Rescue Detroit's Sinking Ship?new
Any bailout for the Big Three must be seriously questioned and come with conditions, because we can't let these companies hold us hostage anymore.
City Pulse |
Lawrence Cosentno, Neal McNamara and Angela Vasquez-Giroux |
11-20-2008 |
Economy
Proposed Foreclosure Moratorium Bill in Michigan Recalls 1930s Legislationnew
You know things are getting bad when legislators start drafting new bills modeled on laws originally enacted as a way to help people survive the Great Depression. But that's the spot we're now finding ourselves in when it comes to the issue of home foreclosures.
Metro Times |
Staff |
06-10-2008 |
Economy
